Answer:
[tex]\frac{1}{2} \times 1.12 t[/tex]
Step-by-step explanation:
Given : The annual interest rate on a loan is 12% which can be represented using the expression 1.12t.
To Find: Write an expression that represents the 6 month interest rate
Solution:
Interest rate for 12 months = [tex]1.12 t[/tex]
Interest rate for 1 month = [tex]\frac{1.12t}{12}[/tex]
Interest rate for 6 months = [tex]\frac{1.12t}{12} \times 6[/tex]
= [tex]\frac{1}{2} \times 1.12 t[/tex]
Hence the expression that represents the 6 month interest rate is [tex]\frac{1}{2} \times 1.12 t[/tex]
